- VET coin chart shows a golden crossover of the 50 and 200-day EMA
- The VET/BTC pair was trading at 0.000002487 BTC with a gain of 3.33%
- The 24hr trading volume for the VET coin is $859.9 Million
The VET coin rally continues to rise higher by knocking out new resistance levels one after another. Currently, the price is at the doorstep of another crucial resistance of $0.12. If the VET coin manages to provide a decisive breakout from this level, it will provide an excellent opportunity for its traders.
Concerning the EMA’s, the VET coin is trading above all the crucial EMA’S 20, 50, 100, and 200, indicating a bullish trend in the Coin. Moreover, the chart is a golden crossover of the 50 and 200 EMA, which could lure even more buyers in the coin market.
The RSI (BULLISH) current value is 73, indicating a bullish emotion in the price as the price is charging towards the overbought zone.
VET Coin Shows a steady Ascending Trendline
The new rally in the VET coin looks quite promising as it has already provided some good long opportunities to traders along the way. Thus, the ascending trendline drawn in the above chart could be pretty helpful, as it could offer a great entry opportunity for traders wanting to join the rally.
The MACD indicator (BULLISH) as both the MACD and the signal line are moving higher to the neutral zone(0.00), indicating the bullish sentiment in the Coin. However, the indicator has also given a bearish crossover, suggesting some weakness in the bullish momentum.
Conclusion: The Market participants who are looking for long opportunities in the Crypto market can consider the VET coin as the technical outlook for this Coin looks quite bullish. Furthermore, the traders also have the option to wait for the price to break through from the $0.12 resistance level, which could offer an excellent opportunity to ride this bull rally with the nearest target to the $0.145
Support: $0.103
Resistance: $0.12, $0.145